Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    702 E Expressway 83 Highway Unit B22 Donna, TX 78537

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $318,000

    Professional office unit in a well-built plaza.

    Type:General Commercial
    Property size:
    2,120 SF
    Price / SF:
    $150/SF
    Added:
    Jul 8, 2024
    Days on Market:
    670
    Last Refresh:
    Apr 1 at 9:17 pm

    Property Features for 702 E Expressway 83 Highway Unit B22

    General Information

    Standard status
    Active
    Size
    2,120 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Norma Hinojosa

    Listing agent Norma Hinojosa License #0521694

    Listing office Re/Max Elite

    Listing date Jul 8, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Elite

    HighLights

    • Excellent Access: Frontage on Expressway 83 and access via North Avenue.
    • Ample Parking: 92 parking spaces available.
    • Professional Plaza: Nicely built complex with 16 units.
    • Professional Offices: Designed for professional use.
    • Modern Construction: Built in 2008.
    • Central Air Conditioning: Equipped with central air.

    Overview

    Professional Plaza Office Unit

    This professional plaza features a well-constructed office unit. The complex comprises 16 units arranged in a U-shape, with common parking available. The property fronts Expressway 83 and also has access via North Avenue. The office unit offers good accessibility and views.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Donna
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.071
    Latitude
    26.1405

    Nearby Similar for Sale

    • $325,000
      2,380 SF

      Commercial Suite with Drive-Thru

      Prime commercial suite with drive-thru in active corridor.
      605 N Main Street, Donna, TX 78537
      View Details
    • $507,000
      1,600 SF

      Donna Commercial Property For Sale

      Turnkey commercial property in Donna, TX, ready for new owner.
      4951 N Fm 493, Donna, TX 78537
      View Details
    • $985,000
      25,636 SF

      Donna Commercial Property on 5 Acres

      5-acre commercial property with office, warehouse, and rail access.
      101 N Val Verde Road, Donna, TX 78537
      View Details
    • $409,000
      9,641 SF

      Auto Shop and New Warehouse

      0.688-acre property featuring an auto repair shop and new warehouse.
      112 S 7th Street, Donna, TX 78537
      View Details
    • $680,000
      10,200 SF

      Spacious Warehouse on Acreage

      Large warehouse with canopy and acreage, ideal for business.
      661 W Wisconsin Road, Donna, TX 78537
      View Details
    • $1,000,000
      6,636 SF

      Commercial Plaza Investment Opportunity

      Income-producing commercial plaza with expansion potential along FM 493.
      N FM 493, Donna, TX 78537
      View Details
    • $625,000
      7,955 SF

      Donna Six-Plex Investment Opportunity

      Well-maintained six-plex in Donna, TX, near Expressway 83.
      905 South Avenue, Donna, TX 78537
      View Details
    • $1,800,000
      15,655 SF

      Vibrant Plaza with Upside Potential

      Vibrant plaza with rental income and growth potential.
      401 Hooks Avenue, Donna, TX 78537
      View Details
    • $900,000
      10,488 SF

      Donna Multifamily Investment Opportunity

      Well-maintained 14-unit apartment complex near expressway in Donna, TX.
      1308 Miller Avenue, Donna, TX 78537
      View Details
    • $299,000
      1,145 SF

      Donna, TX Commercial Property

      Commercial property in Donna, TX with retail or office potential.
      4559 N International Boulevard, Donna, TX 78537
      View Details
    • $575,000
      5,324 SF

      Donna Commercial Property For Sale

      Commercial property in Donna, TX with high visibility and traffic.
      3708 US Highway Business 83, Donna, TX 78537
      View Details
    • $385,000
      5,009 SF

      Multifamily Investment in Donna, Texas

      Income-generating multifamily property in a growing Texas community.
      201 & 203 N 8th Street, Donna, TX 78537
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office unit in a well-built plaza.
    Where is this office units located?
    The property is located at 702 E Expressway 83 Highway Unit B22 Donna, TX.
    What is the asking price?
    The asking price for this property is $318,000.
    What are key features of this property?
    This property features: Excellent Access: Frontage on Expressway 83 and access via North Avenue.; Ample Parking: 92 parking spaces available.; Professional Plaza: Nicely built complex with 16 units.
    (956) 583-2100
    We can help!
    Listing Contact
    Norma Hinojosa
    Real Estate License ID: 0521694
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    702 E Expressway 83 Highway Unit B22, Donna, TX 78537
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!